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20121205
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English 86
Search Results 0 to 49 of about 86 (some duplicates have been removed)
ABC
Dec 11, 2012 1:40am PST
. if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did not back down. his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will i accept a tax increase as
MSNBC
Dec 11, 2012 2:00am PST
's a very good chance that we'd be able to avoid a lot of the fiscal cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last night he describes what he says is to use the debt creel as a pawn in the fiscal cliff negotiations. >> they see the handwriting on the wall and they're going to have to extend it, and if they don't the whole country will see they were willing to tank the entire economy and give everybody the tax break to give people at the top a bonus. where they're just dead wrong, ed, is thinking they're going to gain leverage over this debt ceiling because the american people are not going to stand for republicans turning right around and threatening to de
CBS
Dec 6, 2012 4:00pm EST
the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter: his group, the cankicksba
FOX News
Dec 9, 2012 4:00pm PST
recession, triggeri triggering events the fiscal cliff. is tax hikes and deep spending cuts january 1st if law makes can't come up with an alternative. no word if any progress was made. both men issuing statements about the talks, saying the lines of communication remain open. and police in london are owning up to authorities in awes as as the investigation deepens into an of radio station's hoax call made to the hospital. and made by these two. and they managed to dupe a nurse into giving out personal, private information and that nurse, by the way, may have committed suicide. so far police have not exactly linked her death to the prank and now for the time being, we're hearing from members of her family. >> and i'll really miss her a lot. she was a good sister-in-law, i can't forget her, she was so good. >> harris: family members talking to the media today for the first time. dj's are off the job and that may not stop the possibility of criminal charges and joining me, lee yeah, thanks for being with us tonight. >> hi, nice to be on. >> what are we learning about, whether metro london
CNN
Dec 7, 2012 8:00am PST
are talking about the fiscal cliff, 25 days away until these tax hikes and federal spending cuts go into effect. you are looking at wall street. it is not making any big moves because of the uncertainty of what is going to happen with this. how long are politicians going to continue dragging their feet. and it is not just wall street. you know, it is beginning to eat into consumer confidence. we just got this index, university of michigan consumer confidence index. just a short time ago, this morning. it showed that consumer confidence plunged and in the first week of its month because americans don't know what to expect taxwise. that's a bad sign for retailers at the most important time of the year. the holidays. because guess what, if consumers aren't feeling confident, they are no going to spend. that domino effect that hit retailers, many of these retailers depend on the holiday sales to push them into a profit important the year. this is what's weighing out there in -- you know, for consumers, yes. fiscal cliff definitely weighing on things. despite the fact that the jobs numbe
CNN
Dec 5, 2012 1:00pm PST
increases and spending cuts that people here in washington call the fiscal cliff. most house members are going home today with only 27 days to make a deal. two house leaders who are not going home are with me in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree with you. we need a tax reform. why not resolve this one issue, make sure taxes don't increase for 98% of the americans, 100% of americans for their first $250,000 a year. let them have that, and then move o
FOX
Dec 6, 2012 5:00pm EST
agreement. he's not particularly interested in avoiding the fiscal cliff and he's not interested at all in cutsing any spending. >> reporter: democrats say with so much at stake from defense jobs to unemployment benefits and higher taxes on all households, republicans are simply stalling what needs to be done. >> it's apparent how this will end. the only question is when will it end? you know, it's how long will speaker boehner make middle class families wait for relief. >> reporter: the one thing not in question is the deadline of january 1st. until then, it's anyone's guess how much the standoff will last until the deadline is blocked down. >> one of the things overshadowed by all of this are the new unemployment numbers. we're starting to get some of those now, positive numbers for- from-the labor department saying today that claims fell $25,000 last week. that is in comparison when the labor department reported 451,000 claims after hurricane sandy, shawn. >> tom fitzgerald, thank you. >>> new jersey governor chris christie met with president obama to talk about the after math from s
FOX News
Dec 6, 2012 10:00am PST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
ABC
Dec 11, 2012 4:00am PST
people on the planet. >>> as for more immediate concerns, the fiscal cliff is one day closer, with a stalemate over heading off huge tax increases and deep spending cuts at the start of the new year. president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal law. >>> well, family and friends are remembering that navy s.e.a.l. who gave his life to rescue an american doctor in afghanistan. abc's senior foreign affairs correspondent martha raddatz has more on the life of this fallen warrior. >> reporter: nicolas checque was just 28 years old. but for much of the last
CNN
Dec 11, 2012 2:00am PST
in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in washington suddenly stopped. we have more from washington. the sounds of silence may be the sounds of progress? >> potentially. we hope so. we don't really know. we're forced to read the tea leaves essentially, john, because neither side is giving details about the substance of discussions. let me read a statement from john boehner's press secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balance
CSPAN
Dec 12, 2012 10:00am EST
be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new york. >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. mig-ins: mr. speaker, there are many lessons to be learned in the wake of the hurricane that devastated parts of new york and new jersey. one of which is the importance of electronic medical records and health information technology. while many hospitals and medical centers were damaged by the storm, hospitals that employed electronic medical records were able to ensure that vital health info
CSPAN
Dec 11, 2012 8:00pm EST
about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal with entitlements. and i'm here to agree that we can and we should deal with entitlements. certainly two of those issues, which i really don't think we ought to call entitlements but are fundamental programs here in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has not run a deficit. so let's put s
CNN
Dec 10, 2012 11:00am PST
on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief?
KRON
Dec 4, 2012 5:00pm PST
's mind right now. with about four weeks to go before that fiscal cliff of tax hikes and spending cuts gets triggered, negotiations still appeared at a standstill on tuesday. karin caifa tells us where everything stands. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things
CSPAN
Dec 6, 2012 12:00pm EST
in mandatory across-the-board spending cuts over one year, to drag our nation over the so-called fiscal cliff. what those tax increases mean to an average american family of four earning $50,000 a year is over $2,000 in higher income taxes. add to that expiration of the alternative minimum tax patch, new taxes mandated by the federal health care bill, and the reinstatement of the death tax, which will impact the next generation of farmers, ranchers, and small business owners, which americans will see the largest tax increase in the history of our country. if all of this happens, the congressional budget office predicts the nation's economy will shrink next year and the unemployment rate could rise again. in other words, we go back into recession. i believe we can avoid the fiscal cliff and address our massive deficit but that requires doing three essential things: reforming our tax code, reforming entitlement programs, and better controlling our spending. we can get additional revenue by reforming our tax code. that means closing loopholes and limiting deductions. by closing loopholes and lim
FOX News
Dec 8, 2012 3:00am PST
spending. they said, quote: this is going to be a tough fight in the congress given the fiscal cliff. some members have not been friendly to disaster relief. but the care with which the package has been put together has given us a good head start. although that head start not good enough for at least one republican member of congress frank says governor christie made a responsible request federal aid based on careful comprehensive analysis of new jersey's needs having seen the devastation firsthand in my district during his visit. i'm disappointed president obama has come to a different conclusion. we should not short change nor add strings to the support residence, businesses and communities in my district and across the region desperately need and at least 125 people were killed by super storm sandy. right now the u.s. government saying sandy is on track to be the second or third costliest natural disaster ever behind hurricane katrina and close to hurricane andrew in 1992. clayton? >> peter doocy live from d.c. >> now for your headlines might be the biggest arrest related to that terror
FOX News
Dec 9, 2012 1:00pm PST
of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase
FOX News
Dec 10, 2012 3:00pm PST
made on back away from the fiscal cliff you would have a hard time knowing it from today's events. both sides essentially say they are waiting for other on more details on how to balance higher taxes for rich with spending cuts. in a moment with put karl rove and joe trippi in the negotiating room. but first we have a report or # 2 days, or as we will explain later, less to go. >> president obama back on the road 24. hours after the hush-hush meeting with john boehner about the fiscal cliff. insiders in both parties say the first face-to-face solo meeting in over a year is a sign in private they are making progress but in public the president is not budging. >> i'm in the going to compromise on that principle because i won't have a situation where the wealthiest among us including folks like me keep the tax breaks and we ask the students to pay higher student loans. >> he decided to fire up the labor union base. about a republican pushbe for right to work laws in the state. >> what we shouldn't do, what we shouldn't doing is trying to take away your right to bargain for better wages at
FOX News
Dec 10, 2012 3:00am PST
through the federal government for eight days. then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so you ha
FOX News
Dec 10, 2012 6:00am EST
on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> gretchen: 23 minutes after the top of the hour. james holmes expected to appear in court today. this will be the first time we look at him since he was taken to the hospital for a head injury last month after reportedly trying to kill himself. holmes accused of
CBS
Dec 10, 2012 6:00pm PST
:30, president obama hits the road to sell his solution for avoiding the fiscal cliff. the president and the house republicans have just three weeks to find a compromise to stop automatic tax hikes and spending cuts, and both sides say they are ready to talk. cbs 5's danielle nottingham on what might be the key to the solution. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january first, everybody's going to see their income taxes gop. >> private face to face talks were revised this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax break. >> reporter: republicans have adamantly opposed raising taxes, but some are considering it now if democrats agree to social security and medicare changes. >> republicans were
FOX News
Dec 6, 2012 3:00am PST
to avoid the so-called fiscal cliff at the end of this month. a series of tax cuts and spending cuts set to kick in just 26 shopping days until the fiscal cliff. >> brian: less working days. >> steve: that's right. house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their mone
FOX
Dec 11, 2012 5:00am PST
that fiscal cliff. >>> find out when it is expected to hit, it is all ahead on the ktvu channel 2 morning news. complete bay area coverage starts right now this is the ktvu channel 2 morning news. >>> well, good morning to you, we are ready, it is tuesday december the 11th, i am dave clark. >> let's start with the weather, maybe some rain coming? >> more cold. >>> it is even colder out there for some but it will be colder for all. upper 70s, that will be a distance memory here soon. the system does not have any rain but temperatures are coming down, low clouds and increasing clouds and very 50s, very low 60s. >>> good morning, no major problems and the weather continues to look good in sunny veil. 5:00 let's go back to the desk. >>> we have been following breaking news out of the area, tara moriarty just arrived at the scene and it's an apartment fire at the bart station. >> that's right, we are only a block away from the bart station. >> reporter: these are some apartment complexes and you can see firefighters right now are making sure there are no more hot spots in the addict -- attic but yo
CBS
Dec 6, 2012 5:00pm EST
spending cuts. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> as we've been telling you here on 9 news, if an agreement cannot be reached by the 1st of the year, the cuts will have an enormous impact on houses, businesses and you name it and put a huge dent into medical research and drug development, possibly for years to come. automatic federal budget cuts means funding for the national institutes of health will be down and also funding for the fda. i spoke with a local family dealing with childhood cancer about how these cuts can make a delicate situation even worse. >> when i was first diagnosed, that's one of the few moments where i will say that i did cry. >> five yearsing that moment changed joan norris' life forever. the 14-year-old from kensington has leukemia, the most common form of cancer in children and teen-agers. it starts in the bone marrow and affects the blood cells. many family like the norriss wait and hope for each medical -- norris family wait and hope for each medical advance. >> the research over the last
FOX News
Dec 10, 2012 6:00am PST
of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to this country in u.s. popularity is presumed to have been killed when a private plane crashed in monterrey, mexico. authorities have not confirmed her debt. her relatives say they have few doubts she was on board that plane. she was hea
CNN
Dec 5, 2012 2:00am PST
over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed co
FOX
Dec 10, 2012 5:00pm PST
the country back from the fiscal cliff. he spoke to workers at a auto engine plant. he said lawmakers need to make some tough spending cuts on things we don't need. but he said he is determined to keep tax breaks in place for the middle class while raising taxes for higher earning americans. >> i won't compromise on. i am not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax breaks and we are asking students to pay higher student los. >> republicans insist cuts to entitlement programs should be on the table. they must act before december 31 to avoid the fiscal cliff. >>> on wall street today, the dow is up 14 to 13,169. the nasdaq is up 8 at 2,986. the s&p is up 0.48 at 1,418. >>> the pentagon identified a navy s.e.a.l. killed over the weekend while rescuing a doctor held captive in afghanistan. he died during the raid. it freed the doctor who was working for a colorado based organization when he was taken captive. he was part of the same group that carried out the raid that killed osama bin laden. >>> two disk jockeys made an amallagy
CNN
Dec 6, 2012 9:00am PST
cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of fracturing that we're doing, the fact that housing has been doing tremendously well, and interest rates remain very low with prices, so there's some sense that there's a bit of a renaissance on the horizon, and if the government doesn't mess that up too much, 2013 could end up being as good as 2012 if not a little better. i don't know if you completely disagree with that, peter, but i think there's enough good going on that it could offset the bad. >> to you think it could go up to 10% unemployment. do you agree with peter on that? >> i don't know. i don't know if it will go go up to 10%. there are two scenarios. o
CNBC
Dec 10, 2012 6:00am EST
, president obama and house speaker boehner spending a sunday together to talk about the fiscal cliff. no word on any progress and the president will be in detroit today to speak about the economy. joining us right now is cnbc's chief washington correspondent john harwood. john, you had a great column over the weekend in the in, times whether you took a look back at what happened in 1990 where things were set up for a grit debate but maybe things were easier at that point because you didn't have the 24-hour news cycle. you had other things that made it easier the last time around. what does that lead us to think this time around? >> well, there are ways in which it was more difficult, as you just alluded to, becky. but there are a lot of similarities, too. there are warnings that the economy is going to take a huge hit if a multi year budget deal was not enacted. you had a republican party led by a president who had made a no tax pledge and who was trying to figure out a way out of that. when he finally did that, that's when the negotiations took on a faster pace. and i do think here the fact
MSNBC
Dec 8, 2012 11:00am PST
changes to entitlement spending by the end of these fiscal cliff negotiations. it looks like democratic leaders are right now warming to the idea of raising medicare premiums for wealthier people. you in the past have been somewhat outspoken in terms of your opposition to the idea of altering entitlements in a dramatic way. are you changing your tune? >> no. however, i will say this. we have taken seriously the fact that we have an obligation to our seniors, that medicare has worked for millions, almost 450 million americans, seniors mostly but disabled. and we want to start the discussion about medicare with the promise we are going to keep medicare and find a way to contain the rate of growth in costs under medicare and all health care been helpful. >> sure. >> but we'll meet that obligation to our seniors. that's where i think we start. >> it sounds like you are open to the idea, then, of some tweaks to medicare, to some tweaks to entitlements for revenue. >> my conditions are -- and i think this is true for most democrats -- is that we maintain the universality of medicare, all seni
CNN
Dec 6, 2012 4:00am PST
, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a democrat from the state of oregon. he's on both the budget committee and the banking, housing, and urban affairs committee. nice to have you with us, sir. thanks for joining us. >> you're welcome. >> thank you. before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any use of chemical weapons has to be responded to internationally. i'm sure the secretary of state is immersed with russia right now, is in negotiations with russia for a united front against this absolutely unacceptable possibility. >> okay. so she's l
CNN
Dec 6, 2012 2:00am PST
of this is that some people are trying to downplay the affects of the fiscal cliff saying if we go over for a few days it will be okay. ceos aren't saying that. you look at third quarter gdp, companies are spending less money on software and equipment because they don't know what's going to happen. the effects of the fiscal cliff are already holding back some things. >> of course. what stood out to me from howard schultz, the people that need it the most, the average american will feel this to the core. confidence is the corner stone. >> it makes you make decisions, big decisions, small decisions. i'm not going to buy that or do that, i'm scared to death. here's my question for the two of you. are more big ceos falling in line with the yes, let's raise the taxes on the 2%? >> if i don't know if a majority. would you say a majority? >> i think they want a deal and people have to make -- it's hard to make compromises. >> we've heard it from goldman sac sachs, warren buffett, schultz. >> big names there. >> they want clarity. the interesting thing to me, the stock market and bond market haven't freaked o
KOFY
Dec 10, 2012 9:00pm PST
government spending and tax increases have been largelyly absent in the back and forth over the fiscal cliff. i called several members organizers would just as soon not go public. that theory organizing after what they call very dispointing election. at civic center plaza abc 7 news. >> europe biggest bank hsbc is expected to pay 1.9 billion dollars to settle a money laundering investigation with regulators in the united state states. hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't comme
FOX News
Dec 9, 2012 3:00am PST
which we're calling the fiscal cliff, when you have automatic tax increases and spending cuts, but as we, you know, the time goes, it's been three weeks since the election, i'm growing increasingly pessimistic. >> we're been talking about it on the show, chris, and brought up a couple of times that the president, if he does nothing, the tax cuts expire, and the defense cuts go into place, which is largely what the democrats want to have happened and republicans now making the argument. perhaps the president is not going to negotiate because he wants to simply step back and want things to unfold. do you buy that. i think he does want to compromise because if this were to go on long enough. i don't think it happens the first week after the fiscal cliff, but if you continue with this and all of the things that happen, all of the bush tax cuts expire, not only on the rich, but also the middle class, the spending cuts, about 100 million in the first year, you could grow according to the congressional budget office or unemployment back over 9% and the president clearly doesn't want that, but
FOX News
Dec 6, 2012 8:00am PST
to hammer out a deal over tax hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%.
Current
Dec 5, 2012 3:00am PST
of the business round table, amid a debate over the fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forc
FOX News
Dec 10, 2012 12:00pm PST
been stalled for four years. >> thank you, doug. time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less custome
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